$4,536 Closing Credit*
$382,000
928 SqFt
2 Beds
•1 Full Bath
Bill Cecil, Listing Office: Windermere Real Estate Co.
Is Edmonds, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Edmonds has remained a Seller's Market.
Key Takeaway
Edmonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmonds, WA
How much do homes in Edmonds, WA cost?
Median Sold Price
$933,611
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$115,497(+14.1%)
Key Takeaway
Homes in Edmonds have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Edmonds was $933,611 in November 2024, up 14.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $425.7K | -2.1% |
| 2 Bedrooms | $615K | $634.9K | +3.3% |
| 3 Bedrooms | $759.4K | $874.5K | +15.1% |
| 4 Bedrooms | $970K | $1.1M | +15.8% |
| 5+ Bedrooms | $1.3M | $1.3M | -0.6% |
Summary: Edmonds housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Edmonds | $818.1K | $933.6K | +14.1% |
| Lynnwood | $737.9K | $774.6K | +5.0% |
| Shoreline | $771.5K | $798.9K | +3.6% |
| Mountlake Terrace | $635K | $650K | +2.4% |
Housing Supply in Edmonds, WA
How many homes are available in Edmonds, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 231 | 189 | -18.2% |
Summary: The Edmonds real estate market had 189 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 54 | 48 | -11.1% |
| 3 Bedrooms | 71 | 54 | -23.9% |
| 4 Bedrooms | 63 | 53 | -15.9% |
| 5+ Bedrooms | 39 | 32 | -17.9% |
Summary: The Edmonds housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 55 | -35.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmonds, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Edmonds in November 2024, down by 35.3% month-over-month. Of the 55 sold homes, 47% were sold under asking, 27% were sold at asking, and 25% were sold over asking.
Days on Market for Edmonds, WA
How long does it take to sell a home in Edmonds, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +30.9% |
Summary: Homes in Edmonds had an average of 31 days on market in Nov 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmonds are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 55 homes were sold in Edmonds; 64% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.